Alliances, Mergers & Acquisitions
Top Banks, Hedge Funds Buy Perzo Messaging Platform for $66M
A consortium of 14 major financial firms has acquired Palo Alto, Calif.-based messaging platform provider Perzo and renamed it Symphony with a $66 million investment to provide an open-source, secure and compliant messaging platform for financial…
Rimes Adds Thomson Reuters Indexes to BDS
Economic and benchmark data provider Rimes Technologies has added support for Thomson Reuters' equity and fixed income indexes to its Rimes Benchmark Data Service to meet demand for diverse index data from buy-side clients.
DTCC and Euroclear to Create Collateral-Processing Joint Venture
The Depository Trust and Clearing Corp. (DTCC) and Euroclear have established a joint venture that will offer market participants access to the Margin Transit Utility (MTU) and Collateral Management Utility (CMU) services, in line with new collateral…
S&P Cap IQ, Kuberre Launch Event Fusion Real-Time Alerting
S&P Capital IQ, the data arm of McGraw Hill Financial, and Andover, Mass.-based financial technology provider Kuberre Systems will launch a new cloud-based platform, dubbed Event Fusion, today, Sept. 30, which provides real-time alerts on news and…
CME, CFFEX Sign Data Distribution Deal
CME Group has signed an agreement to license and distribute market data from the Shanghai-based China Financial Futures Exchange (CFFEX), as part of the Chinese exchange's global development activities to grow its business in international markets.
Vista Equity Partners acquires Tibco for $24 per share
Tibco Software, an infrastructure and business intelligence software company, announced its board of directors has agreed to be acquired by Vista Equity Partners, a private equity firm, for $4.3 billion.
McObject Taps C3S as Southeast Asia Distributor
Issaquah, Wash.-based in-memory database provider McObject has signed a deal for Singapore-based financial technology provider C3S to act as a local distributor for McObject's eXtremeDB Financial Edition database system and related product family in…
Vista Equity Partners to Buy Tibco for $4.3Bn
Austin, Texas-based private equity firm Vista Equity Partners has struck a deal to acquire data technology provider Tibco Software for $4.3 billion ($24 per share) in cash, following "a review of strategic and financial alternatives" by a special…
DTCC Partners FS-IAC for Cybersecurity Venture
The Depository Trust and Clearing Corporation (DTCC) and the Financial Services Information and Analysis Center (FS-IAC) have announced a joint venture, Soltra, for cybersecurity offerings.
Tiger Sinks Claws into Hudson Fiber
Tiger Infrastructure Partners, a private equity firm specializing in investing in mid-market infrastructure assets, has acquired an undisclosed majority stake in Paramus, NJ-based low-latency network provider Hudson Fiber Network, to expand the vendor's…
Thomson Reuters Integrates Markit Directory into Eikon Messenger
Thomson Reuters has integrated the Markit Directory "phone book" component of Markit's Collaboration Services messaging platform into its Eikon Messenger chat tool, as part of an ongoing industry project to build an open messaging network for financial…
Euroclear, Six Securities Partner on Enhanced Global Fund Servicing
Six Securities Services and Euroclear Bank have joined forces to offer Swiss asset managers with an end-to-end fund services platform.
Exceed, Nasdaq Ally for Structured Investment Indexes, Data Distribution
New York-based boutique financial services firm Exceed Investments is launching a new family of indexes, dubbed the Nasdaq Exceed Structured Indexes, in partnership with Nasdaq OMX. The new indexes are designed to deliver the predictability of structured…
ICE Completes Nyfix, Metabit Sale
The Intercontinental Exchange (ICE) Group has announced that its sale of the Nyfix and Metabit businesses, instigated after its purchase of NYSE Euronext, have been completed.
VWD Grows Index Content with iQ-Foxx Data
Frankfurt-based market data vendor VWD has added data on Austrian index provider iQ-Foxx’s smart beta indexes to its data products, in a move that officials say will allow users to reduce portfolio volatility, allowing them to increase their holdings in…
ASX Eyes Yieldbroker Stake
The Australian Securities Exchange (ASX) has made a binding offer to trading platform Yieldbroker, in which it would acquire a 49 percent stake in the firm.
FactSet Adds MNI News
FactSet Research Systems will add real-time foreign exchange and fixed income news agency Market News International's MNI Main Wire to its workstation later this month.
Vermilion Partners with Ortec Finance for Performance Attribution Reporting Solution
Client reporting services provider Vermilion Software has partnered with financial risk and return management technology vendor Ortec Finance to enhance the firm’s performance attribution capabilities.
GFI Board Acknowledges BGC Proposal
The board of interdealer broker GFI Group has voted to open its books to suitor BGC Partners, after the brokerage firm made an unsolicited offer to acquire it last week.
FT Taps Morningstar for Print Price Data
The Financial Times has enlisted the UK arm of Chicago-based data and investment research provider Morningstar to supply the price data in the back pages of its daily Companies & Markets section, as part of a new look for the newspaper, starting today,…
Activ Adds Victor Volatilities for Real-Time Risk Analytics
Market data and ticker plant vendor Activ Financial is planning to distribute real-time volatilities on US options from Englewood, New Jersey-based analytics provider Victor Technologies over its market data aggregation and distribution platform, as an…
Markit, Pirum Ink Securities Finance Data Delivery Partnership
Market data provider Markit has expanded the breadth of its securities finance data via a partnership with Pirum, a provider of post-trade securities finance automation tools, which enables mutual clients to access Pirum's end-of-day and intraday trade…
FxPro To Acquire Spot FX Aggregator Quotix
The agency-model foreign exchange (FX) broker FxPro Group has announced its acquisition of Quotix, the provider of liquidity aggregation and distribution solutions to FX buy-side and sell-side firms, in order to open up to institutional clients and…
Tullett Prebon, Parthian Partners Sign Joint Venture in Nigeria
Interdealer broker (IDB) Tullett Prebon has announced it has signed a joint venture with Nigerian-based interdealer broker Parthian Partners to expand its footprint across Africa.